Altcoin Season Makes a Comeback as Bitcoin Dominance Falls Near 60%

Updated

August 6, 2025

Gambar Altcoin Season Makes a Comeback as Bitcoin Dominance Falls Near 60%

Jakarta, Pintu News – After months of the market being dominated by Bitcoin , altcoins began to take the spotlight in June-and Ethereum was at the forefront.

Bitcoin’s dominance has now almost dropped below 60% for the first time in a while, raising the question: has the altcoin season really arrived?

Let’s take a deeper look at the market chart to see if this trend will continue for the rest of 2025.

Bitcoin’s Dominance Plummets

According to CCN (5/8), the Bitcoin Dominance (BTCD) chart has been steadily declining since reaching a cyclical peak of 66% on June 25, marking the deepest decline in the current market cycle.

Optimism about the altcoin season faded between July 22 and August 2, when BTCD briefly bounced upwards.

This rise caused some concern, especially on August 2, when it looked as if Bitcoin’s dominance had managed to break the key resistance level of 62.50% again.

However, it turned out to be a fakeout. BTCD went back down shortly after, confirming that the previous move was just a temporary aberration, not a real trend reversal.

Based on the wave count, BTCD is now entering the fifth and final wave of its downward trend, which is expected to bottom out at around 59.15%.

As long as this level remains untouched, the altcoin season rally is expected to continue, although the possibility of a price bounce remains after this wave of decline is complete.

Is this the sign of altcoin season?

The total crypto market capitalization, if not counting Bitcoin (BTC), is known as the altcoin market capitalization.

Since June 22, the market capitalization of altcoins has experienced a significant surge, although it fell sharply on July 21.

However, the short-term correction now seems to be over.

The altcoin capitalization was previously moving inside a descending parallel channel and is now starting to break upwards.

If this breakout is confirmed, it will mark the start of the final phase of the third (green) wave, with a new record target of around $1.69 trillion.

Ethereum’s Dominance Surges

Ethereum’s dominance chart is one of the most important indicators in this 2025 altcoin season. As the largest altcoin, Ethereum’s performance has a direct impact on other crypto market movements.

During most of this market cycle, Ethereum was lagging behind. However, the situation changed in April. Since then, the price of ETH has almost doubled and doesn’t seem to be stopping anytime soon.

The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) indicators are also showing a strong upward trend.

The nearest resistance target is at 14.67%, so ETH dominance still has room to grow higher. This means that the current altcoin season is still dominated by large-cap altcoins rather than small altcoins.

While a rotation to smaller altcoins might happen in the next phase, for now it is clear that large altcoins are leading the altseason rally.

Overall, after the longest period of weak performance throughout the market cycle, altcoins have finally risen to the occasion and started to solidify their dominance.

Ethereum has been the leader of this rally, with its dominance rate now rising to 12%.

The altcoin market capitalization (ALTCAP) is expected to break a new record high soon before a subsequent correction is likely.

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